ChampionX Co. (NASDAQ:CHX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,117,132 shares of the company's stock after acquiring an additional 330,829 shares during the quarter. JPMorgan Chase & Co. owned 1.11% of ChampionX worth $57,565,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CHX. Arizona State Retirement System increased its stake in ChampionX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company's stock worth $1,503,000 after purchasing an additional 436 shares during the period. Pacer Advisors Inc. grew its holdings in shares of ChampionX by 1.9% in the fourth quarter. Pacer Advisors Inc. now owns 28,394 shares of the company's stock valued at $772,000 after purchasing an additional 532 shares in the last quarter. Jones Financial Companies Lllp increased its stake in ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after buying an additional 559 shares during the period. HighTower Advisors LLC lifted its holdings in ChampionX by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock worth $405,000 after buying an additional 564 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in ChampionX by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company's stock valued at $290,000 after buying an additional 594 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

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ChampionX Stock Up 12.6 %

Shares of ChampionX stock traded up $2.83 during trading hours on Wednesday, reaching $25.35. 8,747,093 shares of the company were exchanged, compared to its average volume of 2,427,984. The firm has a market cap of $4.84 billion, a PE ratio of 15.36 and a beta of 1.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. ChampionX Co. has a 1 year low of $21.54 and a 1 year high of $39.00. The stock's fifty day moving average is $28.69 and its 200 day moving average is $29.24.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. As a group, equities research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 23.03%.

ChampionX Company Profile

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.